You’ve probably heard about why solar energy is good for the environment over the years. While solar energy doesn’t produce greenhouse gasses, harnessing the sun’s power has downsides.
Photovoltaic (PV) cells require unique disposal protocols because they contain harmful heavy metals. But these are singular examples of solar technology’s pros and cons.
A renewable energy system can reduce your monthly bills, but is the drop in electrical costs worth it? Below is an honest solar panels review where we discuss the pros and cons of owning a solar panel system.
Solar Energy Can Lower Monthly Energy Bills
We’ll start with the most obvious advantage of solar energy first – reduced energy bills. A solar panel system can reduce electrical bills by up to 40%. Solar grids help attain these savings by a process called net metering.
Net metering is when you’ve accumulated surplus energy that’s not counted toward nightly cooling costs during the day. The access power causes your meter to run backward, which earns your credits from your home state.
Installing Solar Energy Can Get Costly
There are ways to reduce your solar install cost. Many installation companies and government programs help offset prices for solar energy systems. Upfront costs for solar technology can become expensive without financing.
Solar panels pay for themselves by net metering and solar renewable energy credits. However, it’s common for costly upfront fees to put homeowners off solar installation.
Solar Panels Increase Home Value
A solar panel system can increase your home’s value depending on the circumstances. Living in a sunny area or where the residents value renewable energy can boost house value.
Larger panel systems can increase the value of your home also. A 10 Kilowatt panel system may cost about $11 grand and increase your home by about $60 grand.
Solar Isn’t Ideal If You’re Moving
Solar panels are a fantastic, long-term investment. It takes a while to see the money you put into your system return. A renewable energy system makes more sense for people in their “forever homes.”
Someone that’s settled down and doesn’t intend to leave soon is more liable to see a return on investment. A homeowner moving in about five years may not find installing solar panels worth the cost.
Solar Reduces Carbon Emissions
Solar energy is a cleaner, healthier alternative to fossil fuels. Oil and coal release tons of carbon dioxide into the air and surrounding areas.
Carbon emissions trap infrared radiation in the atmosphere and warm the planet. Solar power produces little to no carbon footprint and helps reduce greenhouse gasses.
Find An Objective Solar Panel Review
It’s common to find solar panel reviews that only discuss the advantages of solar energy. Solar panel systems increase home value and reduce carbon emissions, but they have disadvantages.
Upfront costs can be expensive without financing. Solar panels may not be a good investment for soon-to-be moving homeowners either.
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